(Yicai) Sept. 6 -- Shares of Tesla rose after the US electric vehicle giant said it plans to introduce its Full Self-Driving system in China in the first quarter of next year, but it is still pending regulatory approval.

Tesla [NASDAQ: TSLA] ended 4.9 percent higher at USD230.17 a share in New York yesterday. That was its highest closing price since Aug. 1.

Tesla also plans to launch the FSD system in Europe in the same period, as well pending regulatory approval, according to a roadmap released by the Texas-based firm's artificial intelligence team on X yesterday.

Expectations for the FSD system's entry into China have increased since the start of this year. Tesla's Chief Executive Elon Musk visited the country on April 28 and later said on X that the carmaker may make the system available to Chinese customers "very soon."

In June, the Lin-gang Special Area of the Shanghai Free Trade Zone began to push to trial the FSD's application, including 10 Tesla models that will carry out road tests in the city.

"Pretty soon, we will ask for regulatory approval of the Tesla supervised FSD in Europe, China, and other countries," Musk said at a second-quarter earnings conference call in July. "We're likely to receive that before the end of the year, which will be a helpful demand driver in those regions."

Tesla categorizes its self-driving systems into the basic Autopilot edition, the Enhanced Autopilot edition, and FSD, which has the most complete function in its lineup.

Editor: Martin Kadiev